NASDAQ$CRWD

Crowdstrike Holdings · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

CrowdStrike reported strong revenue growth and ARR expansion in Q4 2025.

CrowdStrike delivered a solid Q4 2025, achieving $1.06 billion in revenue, reflecting a 25% year-over-year growth. The company added $224 million in net new ARR, bringing total ARR to $4.24 billion, a 23% increase. GAAP net loss was $92.3 million, while non-GAAP net income reached $260.9 million. Free cash flow for the quarter stood at $239.8 million, with cash and cash equivalents totaling $4.32 billion.

  • Total revenue increased 25% year-over-year to $1.06 billion.
  • Net new ARR added in the quarter was $224 million, reaching $4.24 billion in total.
  • Non-GAAP net income was $260.9 million, while GAAP net loss stood at $92.3 million.
  • Cash and cash equivalents reached $4.32 billion.

Headline financials

Total Revenue

$1.06B

Previous: $845M+25.2%
EPS (adj)

$1.03

Previous: $0.95+8.4%
Non-GAAP Operating Income

$225M

No prior period
Annual Recurring Revenue

$4.23B

No prior period
Capital Expenditures

-$87.2M

Previous: -$76.1M-14.7%
Net Income

-$92.3M

Previous: $53.7M-271.8%
Operating Income

-$85.3M

Previous: $29.7M-387.2%
Gross Profit

$785M

Previous: $637M+23.2%
R&D Expense

$315M

No prior period

Revenue & EPS history

Crowdstrike · Revenue · Quarterly

$1.06B

Q4 2025+25.2%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Crowdstrike · $1.1B total across 2 segments · Q1 2026

  • Subscription
    $1.05B
  • Professional services
    $52.7M

Forward guidance

CrowdStrike expects continued strong growth in Q1 FY26, with revenue projected between $1.10 billion and $1.11 billion. The company forecasts non-GAAP net income per share between $0.64 and $0.66, with FY26 revenue guidance ranging from $4.74 billion to $4.80 billion.

Tailwinds

  • Revenue for Q1 FY26 expected to reach between $1.10 billion and $1.11 billion.
  • Strong ARR growth momentum, with continued customer expansion.
  • Non-GAAP income from operations projected between $173.1 million and $180.0 million.
  • Cash position remains strong, supporting future investments and growth.
  • Continued leadership in AI-driven cybersecurity solutions.

Headwinds

  • GAAP operating losses persist despite revenue growth.
  • Macroeconomic uncertainties may impact cybersecurity spending.
  • Increased operating expenses due to R&D and expansion.
  • Stock-based compensation continues to impact profitability.
  • Competition in the cybersecurity space remains intense.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+2.5%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+6.7%

Avg return

30 days after

63%

17 / 27 earnings

Positive

+26.9%

Q4 2020

Best reaction

-15.6%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.8%+10.9%+2.0%
Q3 2026+0.6%-0.3%-12.2%
Q2 2026+12.9%-2.2%+13.9%
Q1 2026+2.0%+3.0%-7.2%
Q4 2025-6.3%-20.8%-17.6%
Q3 2025-4.4%-4.9%+0.4%
Q2 2025+0.7%+2.8%+5.9%
Q1 2025+10.8%+13.1%+25.4%
Q4 2024+5.0%+2.9%-1.5%
Q3 2024+11.6%+11.9%+21.9%
Q2 2024+11.1%+9.9%+14.1%
Q1 2024-0.7%-2.8%-7.4%
Q4 2023+1.0%-6.2%+0.2%
Q3 2023-15.6%-11.1%-25.0%
Q2 2023-4.9%-10.2%-13.7%
Q1 2023+0.4%+9.4%+11.0%
Q4 2022+21.8%+16.8%+39.2%
Q2 2022-5.7%-2.8%-14.2%
Q1 2022-6.2%-2.5%+14.5%
Q4 2021+3.7%-3.0%+6.3%
Q3 2021+9.3%+15.7%+43.6%
Q2 2021-10.0%-12.9%-2.7%
Q1 2021+3.4%-1.0%+13.1%
Q4 2020+26.9%+48.4%+67.6%
Q3 2020-7.4%-13.5%-7.7%
Q2 2020-10.9%-16.0%-25.2%
Q1 2020+17.6%+22.2%+35.3%
Q4 2019
Q3 2018
Q2 2018
Q1 2018
Q4 2017

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